Auction for Sale (Re-issue) of per cent Government Stock

Auction for Sale (Re-issue) of per cent Government Stock

Government of India have announced the Sale (re-issue) of (i) “6.84 per cent Government Stock, 2022” for a notified amount of  Rs. 3000 crore (nominal) through price based auction, 

(ii)“6.68 per cent Government Stock, 2031” for a notified amount of Rs. 8,000 crore (nominal) through price based auction,   (iii) “6.57 per cent Government Stock  2033” for a notified amount of Rs. 2,000 crore (nominal) through price based auction,   (iv) “7.06 per cent Government Stock, 2046” for a notified amount of  Rs. 2,000 crore (nominal) through price based auction. Subject to the limit of Rs. 15,000 crore, being total notified amount, GoI will have the option to retain additional subscription up to Rs. 1,000 crore against any of the above security. The auctions will be conducted using multiple price method. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on November 10, 2017 (Friday). 

Up to 5% of the notified amount of the sale of the stocks will be allotted to eligible individuals and Institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities. 

Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on